It’s great to be able to present to you the results of Goodman Masson’s new salary survey for UK General Insurance Actuaries. Some of you may have seen my last survey which was presented in 2020 in the midst of the pandemic and the economic outlook was uncertain.
Since that time we have gone from a job short market to a candidate short market with record numbers of jobs, not just in actuarial or financial services but across all sectors. This twinned with rising living costs and inflation as well as other factors has intensified the War for Talent and as a result, we have seen salaries rise faster than they have in decades. So it seemed like an opportune moment to complete our second edition of the survey. All data was collected in August-September 2022 and the results shown are 100% based on the data we collected.
Prior to writing the survey we asked you for anything else you would want to include and have added in sections as a result of this, including pay rises, pensions, office days and 3 protected characteristics. Thanks to all those who provided their input and the 1000+ actuaries who completed the survey.
Another Big Thank You to Jeremy Keating from Errars who has provided some additional analysis in the addendum. And finally, one other actuary who wished to remain anonymous who put in a lot of time and effort to put this together.
I hope you find this useful and insightful. If you have any questions on the survey feel free to get in touch. Also if you have any feedback or suggestions for next time we’d love to hear from you.
Download our 2022 Actuarial Salary Survey Results here.
Bill Burton | Associate Director – Actuarial
+44 (0)207 324 0568
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